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Procurement Specialist
- Liberty Bank (Middletown, CT)
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At Liberty, we strive to maximize our impact and exceed goals by investing in our teammates to deepen our relationships in the workplace and communities we serve. We take pride in promoting a socially responsible and sustainable future through initiatives and investment.
SUMMARY OF THE JOB:
Reporting to the Procurement Manager, this role will support negotiations, spend management, and strategic sourcing strategies for multiple categories of spend. Lead contract negotiations with new or existing partners with vendor due diligence, risk assessment, management and supplier quality management process.
ESSENTIAL FUNCTIONS:
+ Work with senior corporate and line of business management in making and executing decisions involving sourcing of goods and services to single or preferred suppliers, and act as the primary point of contact with senior management of supplier base spend.
+ Develop strategic alliances among suppliers and business units, maximizing banking relationships and revenues from suppliers. Keep abreast of best practices and take steps to ensure that the Bank is implementing such practices where appropriate and assist in the development of guidelines, policies and standards for the procurement of goods and services within supplier-based expense responsibility.
+ Develop industry expertise in areas of expenditure responsibility and act as the point of contact with functional support units in determining current and future needs, providing advice and support regarding the best method for fulfilling those needs, and to monitoring the ongoing effectiveness of those methods.
+ Develop/drive sourcing strategies for each of the items or services within multiple spend categories through vendor negotiations, process improvements, and compliance.
+ Evaluate and rate suppliers, ensuring integrity of the request for proposal process.
+ Conduct negotiations and oversee administration of contracts within assigned spend categories ensuring appropriate contractual clauses are in place to minimize the Bank’s risk.
+ Monitor and manage contract renewal and expiration to ensure sufficient time for renegotiation, termination and conversion to new supplier as desired by the business unit.
+ Interface with principal owners/users within the pertinent Functional Authority or Line of Business and pull in additional staff support when needed, assuming the role of Functional Authority in those areas that cross the Bank with no natural line of business owner.
+ Assist in the growth of the Bank’s Supplier Diversity Program.
+ Lead and provide support for sourcing events, Request for Proposals( RFP), Request for Information (RFI), etc.
+ Conduct vendor and user workshops. Develop service level agreements with internal customers.
+ Drive continuous improvement throughout the procure-to-pay process including automation of ordering, invoices and remittance.
+ Strategically aligned with business unit critical priorities, providing counsel and guidance in the procure to pay process, including ensuring appropriate stakeholders are involved in the decision-making process.
+ Able to respond quickly to shifting needs and market conditions.
+ Proactive recommendations of savings opportunities and risk mitigation strategies.
+ Fast-paced, diverse workflow from internal clients with a broad range of subject matter and process expertise. Highly regulated industry.
MINIMUM REQUIREMENTS:
+ Bachelor’s degree in Business Administration, Finance or related field or equivalent work experience
+ 3-5 years of experience in supply chain or equivalent industry-specific experience in spend responsibility.
+ Possess knowledge of related business industries and a solid understanding of supplier and industry economics.
+ Strong interpersonal skills with ability to relate well to all kinds of people up, down, and sideways, inside and outside the organization.
+ Build relationships; able to diffuse high-tension situations comfortably.
+ Demonstrated managerial courage; lets people know where they stand; faces up to people problems on any person or situation quickly and directly and is not afraid to take negative action when necessary.
+ Highly motivated self-starter. Drives for results. Deals well with ambiguity.
+ Outstanding quantitative skills.
+ Thinks strategically.
+ Innovative.
+ Strong negotiating skills.
+ Excellent oral and written communication skills.
PHYSICAL REQUIREMENTS:
+ General Office Equipment
+ Keyboard Dexterity
+ Prolonged Sitting
+ Lifting, turning, bending – not to exceed weight capacity of 25 lbs.
COMPLIANCE:
Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The Bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin, or veteran status.
Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
Job Details
Job Family Administrative
Pay Type Salary
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